Journalise the following transactions:

1. Received a V.P.P for Rs 640. Sent a worker to take delivery of it and he paid Rs 5 for cartage.

2. Received interest on Loan from the debtor Rs 1100.

3. Provide interest on capital(Rs 10000) at 5 .5 % for six months.

Journal

Date

Particulars

L.F.

Debit Amount

(Rs)

Credit Amount

(Rs)

1

Purchases A/c

Dr.

640

Cartage Inward A/c

Dr.

5

To Cash A/c

645

(VPP received for Rs 640 and paid Rs 5 cartage)

2

Cash A/c

Dr.

1,100

To Interest Received on Loan A/c

1,100

(Interest on Loan received from the Debtors)

3

Interest on Capital A/c

Dr.

275

To Capital A/c

275

(Interest on Capital charged on the Capital of Rs 10,000 @5.5% for the six months)